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the foreign- policy support. famously, they both worked to speak harsh truths about the unsustainability of the soviet union, something that coincided with the implosion of the soviet union under its own contradiction. some conservatives will tell you it was almost sort of like moses parting the red sea. they tear it all down. i don't think it was quite that. but clearly the truth telling to the soviet union was not a relevant and gave enormous hope to dissidents working behind the eastern block. domestically, they had a tremendously important impact on each other. they were both trying something, not identical but something very radical that was a kind of break with the economic policies and domestic policies of the past. the fact they were not isolated, that they could support to -- point to someone else on the other side of the ocean in charge of the important country who was doing the same thing, that make quite a difference, i think. you can see in the tributes paid to lady thatcher that people who work closely with president reagan said it made a difference. there is this impressiv
overseas. in terms of our foreign policy. if we need to keep doing that and we have to keep doing it. we have to tell the american people how bloody and how long this war is going to be. this has nothing to do with gender equality or elections. it has to do with waging war against people believe to be interfering with their land and their faith. lou: thank you both for being with us. >> thank you, sir. lou: up next, the markets recover after yesterday's massive sell-off. we will show you why here next. ♪ @ ♪ lou: stocks recovered from the biggest 1-day sell-off of this year on encouraging news on housing. joining us now, a senior u.s. economist for deutsche bank securities. this is a pretty impressive performance today. is it convincing enough hat we are going to see more strength on the days ahead? >> it certainly has been impressive as a performance. i think a lot of the movement we saw today was just to recover from the massive sell-off yesterday when the news of the tragedy in boston struck. stocks went into a sharp nosedive. the news that it was a relatively limited event
's investment in foreign-policy is national security insurance. there is nothing foreign about foreign policy anymore. smartcan make the small,. w vestments upfront and avoid more costly conflicts and greater burdens down the road. , we'vepast few months seen developments underscore the state -- stakes for having a strong and -- strong american presence in the world. that was a positive step toward stability in the volatile region of the world where we need partnerships. the committee is more than immersed in suyyruiaia. we have treated millions to humanitarian relief -- we have provided millions to humanitarian relief. i expect we will talk about syria somewhat today. having returned from beijing and north koreathe issue took center stage, we are reminded once again that america is the guardian of global security. we should be proud of that. one not turn our back on keys nor will we hesitate what we need to do to defend our allies. if budget is an analyst patient of our values and priorities -- this budget is an illustration of our values and priorities. i have a record of wanting to do defi
remarkable. i read sometimes left-wing authors who think america's foreign policies this steaming economic thing to grab every spare penny anywhere to be found in the world. that's implemented by certain aspects of our policy at the state department and the diplomats generally are quite insistent on this vote they assume america has the strongest economy in the world and always will have the u.s. does need to maintain serious commercial services the way foreign countries do that promote or exports abroad. they sort of do but there is no comparison to other nations which view protecting their export interest as a key goal of their diplomats abroad so yeah you're basically right on that. >> hi. it's nice to see you. my question is concerning foreign american investments. so in her book -- claimed that between 1988 to 2008 the u.s. government took nearly 2000 proposal applications for business in the united states so as you know the government can give more tax revenue so do you support full investment and what do you think about it? thank you very much. appreciate it. >> okay. the standing i
overall policy of how is the foreign affairs budget, the state department budget would be prioritize in the entire region as opposed to just focusing on one country since they seem to be working together ever before? >> well, thank you very much, congressman meeks. i am very, very hopeful. i am planning a trip shortly to both colombia and brazil and other countries hopefully as time permits. we've had some issues, obviously, with argentina over some debt issues, repayment, so forth, which we need to work through. but, look, western hemisphere is our back yard. it's critical to us. too often countries in the western hemisphere think that the united states doesn't pay enough attention to them and on occasion it's probably been true. i think we need to reach out vigorously. we plan to. the president will be traveling to mexico very shortly. other -- i can't many countries. he will be going. i will be going, other high-level visits. we'll try to do everything possible to try to change the attitude of a number of nations where we've had obviously sort of a breach in the relationship ove
think for the foreign exchange market, it's more a question of policy action. and now, because we're in this limbo, that leaves sterling a little bit of limbo. >> meanwhile, the treasury there is targeting sales of 4 to 5 billion sales in six-month and is 1-month t bills. yes, same with italian yields, as well, michael. are we now at the low point in the cycle for spanish and italian yields? who is going to drive them lower from here and why would you? >> i think the market has seen a lot of liquidity expansion. first from the fed and then lastly from the bank of japan. and combined with the renewed commitment from the ecb to protect the euro, this has depressed yields to these kind of levels. i think it's difficult to see us going dramatically further. and if anything, strategically, we think that the three major problems in europe, the recession, inconsistent crisis management and rising political and social backlash against austerity are likely to come through and that leaves spain and italy very vulnerable to a sharp increase in yields. we're looking, for example, for 10-year
things that thatcher government did was scrap foreign exchange controls when it came to power in the late 1970s. so absolutely. privatization, eventual greater competition within the previously owned government sectors was a big plus. and obviously one contentious p policy was power between employers and trade unions. arguably now the u.k. has a much better industrial relations record than it did before 1979. >> you have to remember though in the '70s, you and i were doing our homework by candlelight when we had a three-day week. it did need rebalancing from that point of view. takes those lessons from those micropolicies which were successful whether there's some lessons today that need to be drawn by this current government because they are trying to kick-start wider only ownership but thatcher gave people the right to own their own homes but they had to qualify for mortgage on affordable income. >> that's one thing which the thatcher government did particularly in the early to mid 1980s. the big liberalization financial markets. scrapping of competition and credit control happened a lo
incentive to buy many of the things is rising sharply, including foreign bonds. and i think certainly the strength of some of the so-called core markets in europe, like france, for example, the past few weeks, probably greatly are due to the shift in japan's policies and maybe it's also starting to shift a bit into the periphery. against the background of the ecb from what i can see preparing the grounds for possible further move of monetary expansion themselves. >> right. yeah. >> so the peripheral narrowing makes a lot of sense. german yields are at such low levels, i wouldn't want to be rushing to put some of the o'neill trust in there. i think the spread timing going on with it makes a bit of sense. >> it's just interesting, as you say, tu look at what japan is doing and the attention shifting now to not just what they hope to achieve, but whether they'll actually be able to accomplish it. after averaging 0.6% deflation for the last couple of decades, are they going to hit 2%? is there, you know, a reason why people here, after the rallies that we've seen, should be a little bit m
Search Results 0 to 8 of about 9 (some duplicates have been removed)